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ARC Resources Ltd T.ARX

Alternate Symbol(s):  AETUF

ARC Resources Ltd. is a Canadian energy company. It is focused on the exploration, development, and production of unconventional natural gas, condensate, natural gas liquids (NGLs), and crude oil in western Canada. Its operations are focused in the Montney region in Alberta and northeast British Columbia. Its operations in Alberta are located near Grande Prairie and the region includes Kakwa and Ante Creek. Kakwa is a condensate-rich and high-deliverability natural gas play with top-tier development opportunities. Its operations in northeast British Columbia are located near Dawson Creek and the region includes Greater Dawson, Sunrise, Attachie, and Septimus and Sundown. The Greater Dawson operating area includes Dawson Phases I, II, III and IV and Parkland. The Attachie is a condensate-rich, natural gas play primed for large-scale development. Sunrise is a dry natural gas play with a low-cost structure, well deliverability and direct connectivity to liquefied natural gas Canada.


TSX:ARX - Post by User

Post by Farmer12on Jul 18, 2021 12:02pm
257 Views
Post# 33566802

NG pricing

NG pricingJuly 15 AECO close 3.92
2014 average 4.05
2019 1.09
2020 2.05
I believe these figures are more or less accurate. Henry Hub pricing is also very attractive. The July ARC presentation with pricing sensitivities shows net debt/FFO falling to around 1.2 or 1.3 at $60 WTI and $2.90 Henry Hub. At current prices for gas and oil, if maintained, the ratio might fall to around 1. This company is rolling in the clover. Companies that were burned in the recent past are not rushing out to increase drilling as they did in the past. Some of the hedges ARC has, with the benefit of hindsight, are not that good. But there is still a great inflow of cash from these high prices, which look to remain high for several quarters.
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